New Jersey fines PointsBet for 3 different types of sports betting violations
· 2023-10-17

New Jersey fines PointsBet for 3 different types of sports betting violations

'+oResp.access_rule.message.description+'

Please subscribe to continue reading…

FILE - Saint Peter's players huddle before the second half of a college basketball game against Purdue in the Sweet 16 round of the NCAA tournament, Friday, March 25, 2022, in Philadelphia. The online sports betting company PointsBet committed three different types of violations of New Jersey sports betting laws, including taking bets on soccer games that had already ended, according to gambling regulators who fined the company $25,000. PointsBet accepted bets on March 25, 2022 on the St. Peter's men's basketball team, but which was ineligible to be bet on in New Jersey. The market for St. Peter's bets was live for 55 minutes and two people placed bets, totaling $60. Both were canceled.

ATLANTIC CITY, N.J. (AP) — The online sports betting company PointsBet committed three different types of violations of New Jersey sports betting laws, according to gambling regulators who fined the company $25,000.

The fine was imposed on Aug. 23, but details of the case were not released by the New Jersey Attorney General's Office until Tuesday, nearly two weeks after The Associated Press requested them.

According to a posting on the web site of the state Division of Gaming Enforcement, the agency reached a settlement with PointsBet under which the Denver-based company was to pay a $25,000 fine.

PointsBet declined comment on Wednesday.

One aspect of the fine involved the company accepting so-called “pre-match” bets in August 2021 on games that had already begun. All five bets came from one customer, who wagered $13,500 and received $28,275.

After discovering the error, the bets were voided and the money from the customer's initial bets was returned, according to the gaming enforcement division.

The company told regulators “that it did not have an automated process in place to review the accuracy and timeliness of published markets,” according to the division.

“PointsBet stated that the ‘overwhelming’ number of matches offered through PointsBet made it ‘unrealistic’ to check and verify each event and the market offered for wagering,” the division wrote in a document outlining the charges against the company.

The division added that PointsBet attributed the problem to “an unresolved communication issue” between itself and a third party data feed provider.

PointsBet also accepted bets on March 25, 2022, on the St. Peter's men's basketball team, an underdog team which was on a legendary “Cinderella” roll through the NCAA tournament, but which was ineligible to be bet on in New Jersey. The market for St. Peter's bets was live for 55 minutes and two people placed bets, totaling $60. Both were canceled.

PointsBet blamed human error for the mistake, according to the gaming enforcement division.

On Oct. 29, 2021, the company offered bets on a “League Of Legends” esports competition in which a player on one of the teams was 17 years old, under the legal minimum age of 18.

It took four bets totaling $1,225, but later voided them. The company told regulators it did not check the age of competitors before listing the video game event on its web site for betting, but said it has since added a process to do so.

This story has been corrected to show one of the violations involved pre-match bets that were offered after a game had already begun, not games that had already concluded.

Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

FILE - Saint Peter's players huddle before the second half of a college basketball game against Purdue in the Sweet 16 round of the NCAA tournament, Friday, March 25, 2022, in Philadelphia. The online sports betting company PointsBet committed three different types of violations of New Jersey sports betting laws, including taking bets on soccer games that had already ended, according to gambling regulators who fined the company $25,000. PointsBet accepted bets on March 25, 2022 on the St. Peter's men's basketball team, but which was ineligible to be bet on in New Jersey. The market for St. Peter's bets was live for 55 minutes and two people placed bets, totaling $60. Both were canceled.

Get up-to-the-minute news sent straight to your device.

Popular articles
What’s on the SBC Summit Conference Agenda in 2026?
Marketing
Are you ready to maximize your earnings? Try ProPush.me Constructor!
Marketing
GAT Expo Puerto Rico Will Pulse with the New Era of Gaming in the Caribbean
Marketing
Indiana online casino bill stalls in House committee
Regulation
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
Manila delivers: Highlights from SiGMA Asia 2026 
Southeast Asia
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
GAT CDMX 2025 Institutional Academy: Leaders and Experts Analyze the Present and Future of the Gaming Industry in Mexico and Lat
Sports Game
GAT Expo CDMX 2026 Kicks Off Today in Mexico with a Sold-Out Opening Reception at Big Bola Casino Santa Fe
Marketing
DB Gaming Is One of Asia’s Top-Tier Game Solution Providers, Recognized as a Pioneer in the Asian Gaming Industry.
Marketing
PropellerAds Positions Itself as a Go-To Traffic Source for iGaming Advertisers Ahead of a High-Demand Season
Marketing
1spin4win grows its Latin American presence by partnering with Fortuna Juegos
Online Game
JILI Partners with Cricket Legend AB de Villiers (ABD) to Launch Exclusive Branded Game Series 100% 11
Sports Game
Zenith partners with HUIDU for 2026 World Cup Carnival Official Tour
Online Game
Home
Game
Cooperation
Find
My